The Traderszone Network

The earlier headlines on the World Bank cuts to East Asia and China GDP
forecasts are here
Bloomberg have a bit more detail up now:
– Slower-than-expected growth in China will put pressure on commodity exporters, as well as trade, foreign direct investment and tourism in the region

A Goldman Sachs Portfolio Strategy research piece says financial conditions have tightened in all markets owing to the
global “risk-off”
(Bolding mine)

The world’s nine biggest insurance companies will have to hold more capital under new rules just finalised by global regulators that aim to prevent taxpayer bailouts of the industry in a crisis. Regulators decided to look at the multi-trillion dollar insurance industry following the massive public rescue of insurer AIG in the United States during the 2007-2009 financial crisis.

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Former US army colonel and Chief of Staff for Colin Powell, Lawrence Wilkerson unleashed a most prescient speech on the demise of the United States Empire.

read more

For those following the progress of the TPP talks:
– A US trade representative spokesman says there will be no news conference on the outcome of the talks before Monday US time
–

World Bank cuts China 2015 GDP forecast to 6.9% (from 7.1%)
– Cuts the 2016 forecast to 6.7% from 7.0%

The World Bank forecasts fro East Asia unchanged at 4.6% then accelerating in 2016 to 4.9% (previously were at 5.1 and 5.4)

Goldman Sachs says there were no redeeming features to last week’s employment data

“Even the decline in labor market slack – arguably the one bright spot –
came from a drop in the participation rate, with employment in the
household survey falling sharply,” GS adds.